$10 Trillion Giant FIS Embraces USDC: Plugging It Into the Banking Core
Hey Payments Fanatic!
Stablecoins just got their big break. Or should I say ANOTHER ONE?
FIS, the $10 trillion payments giant, is teaming up with Circle to bring USDC into the heart of traditional banking. Soon, thousands of banks will be able to move money both domestically and across borders using crypto that behaves like cash.
It’s a major signal that stablecoins are shifting from the sidelines to the center of financial infrastructure. How this partnership could reshape payments and why it might finally be time for banks to embrace Web3?
Scroll down to learn more 👇
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Cheers,
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INSIGHTS
📈 Stripe Atlas incorporates over 20% of all Delaware corporations each month, according to Jeff Weinstein. Continue reading
🇮🇳 Digital payments in India see 10.7% growth. The data comes from the RBI-Digital Payments Index, a composite index the central bank has published semi-annually since January 2021 to track the pace and penetration of digital payments across the country.
NEWS
🇳🇱 Mollie introduces the Mollie MCP server. The server empowers merchants to interact with the Mollie payments ecosystem using natural‑language AI agents like Claude Desktop or Cursor AI. It supports essential endpoints today, payments, payment Links, and customers, with plans to add more in future iterations.
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🇪🇸 Santander, CaixaBank, and BBVA introduce Bizum for payments in physical stores. The solution allows payments to be made from the POS terminal, which the customer validates in their bank's app. The availability of Bizum is now a priority for new entrants, neobanks, and FinTech companies.
🇪🇸 Receiving too many incoming transactions and too little clarity? by María Ortiz de Artiñano, Global Head of PayDirect, PagoNxt Payments. She highlights that while the digital payment revolution has brought significant benefits to consumers, such as faster transactions, increased choice, and enhanced security, it has also introduced new challenges for businesses.
🇺🇸 FIS partners with Circle to offer bank-stablecoin payments. The companies aim to help US banks offer their customers the option to make domestic and cross-border payments using USDC, a cryptocurrency backed by short-term US Treasuries and cash.
🌍 Mastercard accelerates B2B payment automation globally with acceptance innovations. It’s launching the widescale global availability of Mastercard Receivables Manager, its automated solution that makes virtual cards more efficient, secure, and cost-effective for businesses to accept.
🇦🇪 Lean Technologies receives regulatory approval under the UAE’s Open Finance Framework. The approval positions Lean as one of the leading providers of Open Finance services, marking a key step toward full licensing and expanding access to secure, connected financial experiences for millions of customers.
🇺🇸 Flex becomes the first FinTech to launch a Visa Infinite Business Credit Card. The new card offers higher-tier benefits, the same flexible repayment options, and an upgraded set of travel, insurance, and lifestyle perks. Existing cardholders will be transitioned to the new platform, bringing with them enhanced rewards and protections designed for growing businesses.
🌎 EBANX taps Yape to streamline payments for global merchants. The collaboration is poised to enhance payment performance and unlock new revenue streams for cross-border merchants operating in one of Latin America’s fastest-growing digital economies.
🇦🇺 TerraPay secures AUSTRAC registration to deepen cross-border payment infrastructure in Australia and the Pacific. This regulatory approval enables TerraPay to operate directly in the Australian market and to support a network of local and international partners.
🇦🇺 Days of Apple Pay dominance numbered as government prepares to strike. The ACCC has sent a strong signal that the government is preparing a strike to open payments competition on Apple iPhones, currently dominated by Apple Pay, which has a stranglehold on the iPhone's NFC chip.
🇺🇸 Lawsuit accuses Apple Pay of taking unauthorized subscription payments. Kristine Divney has filed suit in the Supreme Court of the State of New York, claiming that Apple took an unauthorized payment on behalf of DoorDash, a food delivery service.
🇰🇪 PayPal’s mobile money portal shuts down on 16 August 2025. The shutdown arrives just weeks after Safaricom rolled out a dedicated PayPal mini-app inside the M-PESA Super App, allowing instant in-app withdrawals and deposits without browser redirects. By steering users to the Super App, Safaricom can keep transactions inside its growing ecosystem.
🇦🇺 PayPal BNPL comes to Gumtree Pay. The new payment feature will enable buyers to choose PayPal Pay in 4 at checkout, splitting their payment for purchases into four fortnightly instalments. The instalments are interest-free and do not incur late fees.
🇺🇸 Cash App launches pools for group payments. With pools, members can contribute within seconds, so the group can focus on the experience and not on stressful payment logistics. Pools were designed for groups to easily plan, collect, and track contributions before the event occurs.
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